Daily Investment Interpretations
March 11, 2010
The S&P 500 caught up with the NASDAQ Composite by making a new high for
this year (by 0.01 points). The NASDAQ Composite gained 9.51
to close at 2,368.46, which is yet another new high after its
3/9/2009 low, the Dow moved up 44.51
close at 10,611.84, and the S&P 500 added
to close at 1,150.24. Oil closed up at $82.18 a barrel. Gold
was unchanged at $1,108. The VIX
was down 0.51
It would appear that the market is near the tops of its current mini-cycle. It will probably have little farther to run, and will then pull back again to regroup. This isn't a good time to buy, and it could be a good time to sell if you wanted to play these waves.
Here are a few articles: Beating the China policy sell-off, Jobless claims down, Looming collapse in Greece just a myth, Some gold timers blame market for fall.